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GSK Fined Record $489M For Bribery In China

GlaxoSmithKline PLC was fined a record 3 billion yuan ($488.5 million) on Friday for bribing doctors in a verdict handed down by a Chinese court, which also sentenced several of the drugmaker’s executives to up to four years in prison, according to Chinese media reports.

  • Senate Gives Final OK To ISIS Fight Aid, Avoids Shutdown

    The U.S. Senate on Thursday overwhelmingly approved funding for Syrian rebels to battle the Islamic State militant group, as part of a short-term spending bill that will fund the federal government through early December and avert another shutdown.

  • Home Depot Says Data Breach Used 'Unique' Malware

    Home Depot USA Inc. said Thursday that hackers involved in the store’s recent data breach used “unique, custom-built” malware never seen in previous attacks to access information for 56 million payment cards.

  • China's Alibaba Raises $21.8B In Historic US IPO

    The much-anticipated initial public offering of Alibaba Group Holding Ltd. is finally here, with the Chinese e-commerce giant pricing its 320 million shares Thursday at $68 apiece to raise $21.77 billion, officially making it the largest U.S. IPO ever and possibly the largest globally.

  • Hitachi, Mitsubishi Execs Indicted Over Auto Parts Cartel

    Seven executives from Mitsubishi Electric Corp. and Hitachi Automotive Supply Ltd. on Thursday were indicted in Michigan federal court for their role in a scheme to fix the prices of automotive products, the U.S. Department of Justice has announced.

  • Fed Tightens Reins On Santander Unit After $52M Dividend

    The Federal Reserve said Thursday that it had taken enforcement action against Santander Holdings USA Inc., requiring the company to exercise stricter controls on capital distributions after a subsidiary issued an unauthorized $52 million dividend.